Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-23
OI% GRANGE.
Spo{ Cotton Fractions and Futures
from Four TO Nineteen Points
L0wer-HcEey Market Easy.
Wheat Opened finn, FIuctueted Narrowly
and Closed at Dscline - 1.-Two
Stock TrausactiOns Brisk
Daiiy Review,

GAZETTE OFFICE,
FORT WORTH, Ten, June -, 1881
Trade wss very fair to-day in ali lines
Eggs have declined and are slow.
Peaches and apples have advanced.
Old hens are lower and slow.
THE STATE OF TRADE.
Special kilograms TO Bradstreet's show
shat the volume Of merchandise moving
does net vary much from last week. The
COLLAPSE of the wheat corner and the panic
in the coffee market naturally resulted
in ABNORMAL activity in those lines, but
speculation in corn, oats, hog products,
petroleum and cotton his been lem
porarily depressed. Traffic on the trunk
lines promises to increase since the
bresk in wheat prices. Ye:, except at
St. Louis, ST. Joseph, Kansas City and
Denver, general trade is characterized as
moderately active, or fair for the season.
Crop prospects in all directions continue
favorable, except for rice in Louisiana,
owing to OVERT lW. Rains west and
nOrthwes-, and particularly in Texas,
have benefited the crops.
The special report Of earnings of l0l
railroads to Brsdstreet's, for May and
for the first five months OF the year, shows
that for May the gain over 1886 was So
81, OS8, or Is per cent, against gain
of Is per cent. in April; Tor five months
1887 a gain of SI7S90,3l7, or Is ) per
cent over 1886. The expenditure for
building at thirty-hve cities in five
months OF 1887 was sos O8l 900, agsinst
SS4 ,946, 900 in 1886, gain
Of - per cent. The reported
value of real estate transfers at
forty three cities is 81 per cent. in ex-
cess OF five months il 1856, pointing to
the extent of speculation in land. a bet
ter understanding Of recent expansions of
bank q 'atings of some western cities is
by the details.
Bank clesrings st thirty eight cities, for
six days ended yesterday, wire to Brad
streets, aggregate about 81 ,02l 900, 900,
against Sl,0e+, 1863 last week, and
S9l4, ~, 6I0 in the like week year ago.
This shows gains of about 1000, 600
over the week before, aud Sl07, 900 900
over the total year ago, or less than
and l per cent. respectively, which may
De accounted for in part by heavy spscu-
iative transactions at Chicago, New York
2ad elsewhere. at leading dOme-t
money markets the demand for funds has
and rates are frequently higher
end tirmer. There is already g renewed
request for currency from the country,
which Kansas City, Chicago and Milwau-
kee are feeling Late Kansas City bank
oaus were So, 600, 600, and Chicago bank
loans 1000, 600 ia excess OF one year
ago, total SIS 600, 600. Total increased
deposits S24 600, 600. II is probable that
more money will be held at the western
centeTs than heretofore. The breaks in
other. speculative markets made the
New York stock market feveTish and
unsettled, with bear attacks and declines
n values followed by partial recovery
and dull and uncertain feeling in the
market. The ruling of the Inter state
Commission on the long haul question is
'egarded as measursbly favora9l to the
,ailroad interests. Foreign exchange is
weak on an outpouring Of bills against
he renewed grain exports.
But 5000 strikers are recorded in the
irst half of June, an average of 400 daily,
lgainst about Ga, 900, or 1000 daily, in the
irst half Of May. The coke strike has
lnally collapsed, and the record is worth
lotiDg The strikers have lost from
5000 900 to $500, 900 in wages, aud one
quarter Of their number have received an
dvanCe equivalent to S200,0 900 per an
lum. About 10000 other workers forced
nto idleness by the coke strike have lost
81, 400, 900 IN wages.
The avalanche Of wheat which the Chi !
ago clique prices Of last week brought
here overwhelmed msnipulators and
,rOke twenty five commission houses !
when their customers declined to make |
margins good. Most of those holding on !
ave been taken care of, and the pros
ect is that the trade west Will have little |
o do for the present beyond providing
or light daily receipts. The decline in
rice was 244c, Pork is still "Cornered,"
nd the June option is firmly held al SD
er barrel, while the cash product sells !
{ about SIS. Hogs have been GOA 30c., |
nd cattle 30@ 40c lower at Kansas City. |
OF the &c drop in the price Of coffee ST
be New York Exchange, &c has been re-